Where rates are headed as of 04/2/2015:Mortgage interest rates cycled up and down over the last few months with current rates effectively at where we were in early January. The factors impacting the interest rate volatility are many including oil prices, economic weakness along with central bank "easing policies" in Europe and Asia, the signals sent by the Federal Reserve, and the United States' economic roller coaster ride. Recent economic news in the United States has been mixed which when combined with the weaker broader economic picture has allowed the Federal Reserve to take a less hawkish in its statements have led to more favorable recent rate market trends. Interest rates, however, are still roughly 100 basis points off the interest rate lows seen in mid and late January. Looking at Geopolitical happenings, we have the situation in Greece taking front stage. The possible exit of Greece from the Euro currency has also helped keep rates low. Another huge factor putting lowering pressure on interest rates is the spread between the German and US treasuries. The European version of the Federal Reserve, the ECB, recently rolled out a bond buying program which has contributed to making high quality government bonds more scarce, driving up demand, which has helped push the German 10 year bond to its current 0.189%. The comparable US 10 year treasuries are fully 172+ basis points higher with this delta in yields helping keep US rates low.

Wholesale Interest Rates*as of 04/2/2015 - note thatinterest rates are in a constant state of change - Please contact me to find out the APR specific to your unique situation